Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX: HRVSF) for roughly $2.1 billion.
The move follows Trulieve s recent $6 million purchase of Mountaineer Holding LLC, a West Virginia-based vertically integrated seed-to-sale and fully licensed medical marijuana company.
The Trulieve-Harvest Deal: Florida-based Trulieve agreed to acquire all of Harvest’s issued and outstanding subordinate voting shares, multiple voting shares as well as super-voting shares.
Under the terms of the agreement, Harvest shareholders will obtain 0.1170 of subordinate voting shares of Trulieve for each Harvest share priced at $4.79.
Once the deal is closed, Harvest shareholders will own roughly 26.7% of Trulieve s issued and outstanding pro forma shares (on a fully diluted basis).
On Monday,
Tilray, Inc. (NASDAQ:TLRY) and
Aphria, Inc. (NASDAQ:APHA) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion. Benzinga spoke with
Irwin Simon, CEO of the new combined company.
Check out the video below:
Following the merger, Jefferies upgraded the rating for Tilray from Underperform to Buy, while raising the price target from $4.77 to $23.
Jazz Pharmaceuticals (NASDAQ:JAZZ) finalized its acquisition of
GW Pharmaceuticals plc. (NASDAQ:GWPH), the producer of the FDA‑approved prescription cannabidiol drug Epidiolex, for $7.2 billion or $6.7 billion net of GW Pharma s cash.
Meanwhile,
Ascend Wellness Holdings (CSE:AAWH) started trading on the Canadian Securities exchange following a raise of approximately $80 million through an initial public offering of roughly 10 million shares of its Class A common stock at $8 per share.
Trulieve Cannabis Corp (OTC:TCNNF) - Trulieve Enters West Virginia Cannabis Market, Closes Acquisition Of Mountaineer Holding benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Trulieve Cannabis Corp. (CSE:TRUL) (OTC:TCNNF) announced Wednesday the pricing of the previously-announced marketed public offering of its shares.
The Tallahassee, Florida-based company opted to sell 5 million subordinate voting shares in the United States and Canada in an underwritten public offering, at a price of C$50.00 per share (or $39.63 per share, per the conversion rate found on Bloomberg at 4:30pm ET on April 7, 2021). Total proceeds before deductions, commissions and other expenses, are expected to come in at approximately $198.1 million.
Underwriters will be granted a month to buy up to an additional 750,000 subordinate voting shares at the public offering price.
Cannabis company Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX: TCNNF) is expanding in West Virginia through the acquisition of Mountaineer Holding LLC.
The Tallahassee, Florida-based company confirmed Monday it opted to buy a cultivation permit and two dispensary permits for $6 million.
The price tag. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: